Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%

Price spread now: Bitget against RISEx+0.018%48s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$200.204% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.018%, 7d avg +0.006%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,361.9	0.0048	pay 0.0006% / 1h	27m 48s	$3.4M	$12.3M	25x
Short	Bitget XAUUSDT	4,362.7	0.0048	get 0.0024% / 4h	3h 27m	$69.6M	$113.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee BitgetbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0.06
Price spread: +0.018% → +0.006%: $1.28
Slippage, 4 orders: −$2.38
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$19.04
Costs to cover: 0.204%
Break-even: 2107.2 days

Slippage from RISEx: live order book, 1 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 1 min ago	0.01 bp	4.7 bp −$5	5.6 bp −$56	35.9 bp −$3,587	doesn't fit
Sell Bitget live order book, 1 min ago	0.01 bp	6.3 bp −$6	7.7 bp −$77	11.3 bp −$1,131	doesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	0.0000%	4h	4,362.4	+0.011%	$71.1M	$200.3M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.9	+0.046%	$265.5M	$415.3M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,362.5	+0.014%	$48.0M	$28.0M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,358.5	−0.078%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,366.5	+0.105%	$93K	$10.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.9	−0.092%	$267K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,358.7	−0.073%	$33K	—	25x	as long as short
MEXC XAU_USDT	+0.0014%	4h	4,363	+0.024%	$373.4M	$326.9M	1000x	as long as short
Binance XAUUSDT	+0.0016%	4h	4,362.8	+0.020%	$412.0M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0017%	4h	4,356.7	−0.119%	$30.3M	$60.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.263%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363	+0.025%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,361.7	−0.005%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,395.9	+0.779%	—	$1.0M	25x	as long as short
RISEx XAU/USDClong	+0.0048%	1h	4,361.9	long leg	$3.4M	$12.3M	25x
Bitget XAUUSDTshort	+0.0048%	4h	4,362.7	+0.018%	$69.6M	$113.3M	100x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359.5	−0.055%	$294.0M	$52.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,357.4	−0.104%	$14.7M	$57.3M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,360.2	−0.039%	$48K	$64K	25x	as long as short
BloFin XAU-USDT	+0.0057%	4h	4,363.5	+0.036%	$15.5M	$4.5M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,361.5	−0.009%	$20.6M	$44.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,361.8	−0.003%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,360.9	−0.023%	$161K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,364.1	+0.050%	$20.2M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,359.9	−0.046%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,358.4	−0.080%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.8	−0.026%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,354.6	−0.167%	$26K	$22K	20x	as long as short
Bybit XAUUSDT	+0.0111%	4h	4,363.6	+0.038%	$83.1M	$143.8M	150x	as long as short
Extended XAU-USD	+0.0112%	1h	4,358.9	−0.068%	$13.5M	$43.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0128%	1h	4,361.2	−0.016%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0152%	4h	4,362.7	+0.019%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0196%	8h	4,364.1	+0.050%	$165.5M	$286.6M	100x	as long as short
Bullet GOLD-USD	+0.0214%	1h	4,362.1	+0.005%	$59K	$81K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,358.9	−0.069%	$594K	$151K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,360.8	−0.025%	$235K	$656K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,361.9	0.000%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0529%	4h	4,365.2	+0.075%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0605%	4h	4,365.7	+0.088%	$2.9M	$3.9M	75x	as long as short